Sensex, Nifty End Higher For Second Day; Broader Markets Outperform

Indian equity markets continued their rebound from Monday's losses, ending higher for the second straight day with buying seen across the board.

The S&P BSE Sensex ended nearly 1% higher at 46,444 while the NSE Nifty 50 index ended above the mark of 13,600, up 1% at 13,601. Both the benchmarks have now recovered nearly 2% of Monday's 3% decline.

Among the sectoral indices, Media and Realty were the outperformers in today's session. The Nifty Realty index gained nearly 4% while the Media index rose 3.3%.

The Nifty I.T. index continued its winning run, gaining 2.4% to end at another record high. The PSU Bank index gained 2.1% while the FMCG index rose 1.9%.

Broader markets outperformed in today's trading session. The Nifty Midcap index ended 2.4% higher while the Smallcap index rose 2.7% ahead of the weekly options expiry session tomorrow.

The India Volatility Index fell 6.8% to 20.5.

1,603 stocks on the NSE ended with gains while 303 reported losses.